Suilend SENDPrice $ 0.558

Suilend is a decentralized lending protocol operating on the Sui blockchain, developed by the team behind Solend. It enables users to deposit various cryptocurrencies into liquidity pools, earning interest over time. These deposits provide the liquidity for other users to borrow assets, with interest rates determined algorithmically based on supply and demand dynamics. Suilend employs over-collateralization to secure loans, requiring borrowers to deposit collateral exceeding the value of the loan to mitigate default risk. The protocol is non-custodial, meaning users retain control over their funds through smart contracts, eliminating the need for intermediaries. Suilend's design emphasizes security and efficiency, aiming to offer a seamless user experience for decentralized lending and borrowing on the Sui blockchain.